Monash Investors

Investment firm Monash has restructured its Absolute Investment Company LIC (which traded under the ASX ticker MA1) with near-unanimous shareholder approval, voicing concerns that the LIC was “besmirching” the house’s reputation as top fundies. Monash Investors will restructure its Absolute Investment Company into an exchange-traded managed fund (ETMF) – the Monash Absolute Active Trust (ASX:…

It’s commonly stated that career risk is among the biggest factors that drives the perceived under-performance of most active managers. The evidence suggests that as successful managers attract more capital and their remuneration increases, they tend to regress back to the benchmark. But why is this so? With success comes more assets under management and…